The legal process referring to the general administration of a deceased person’s will and estate. The process includes collecting the assets of the deceased person, paying any liabilities remaining on the person’s estate and finally distributing the assets of the estate to beneficiaries named in the will or determined as such by the executor.
There are tremendous legal and tax complexities in the probate process, so it is advisable to have a will and speak with a lawyer, to insure that your loved ones are not left with the complicated and often messy task of distributing the assets of your estate upon your passing.
